The Trusts; What Can We Do With Them? What Can They Do For Us?

Paperback | January 1, 2012

byWilliam Miller Collier

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Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1900. Excerpt: ... CHAPTER IV. THE WASTES OF COMPETITION. The most noticeable fact in the industrial history of the times is the complete lack of anything like efficient organization of industry at large. Our advance in general business organization has not, until within recentyears, kept pace with our wonderful inventions and discoveries. Our productive agencies have been mightily improved, but the marshaling of our industrial forces has not received the study that it deserves. Trjxsts are in some instances, at least, attempts at better organization. The evils of the system, which such trusts combat, are the evils of unregulated competition. Professor John Graham Brooks in his address at the Chicago Trust Conference declared that one of the most successful business men in the East had said to him: a If people generally knew how stupidly and wasjefully much of the large business is carried on we should become objects of ridicule"; and yet the trusts, which are designed to correct these faults and to save these wastes, are the objects, to-day, of popular suspicion, reproach, and hatred. The Chairman of the Interstate Commerce Commission is quoted as saying, in substance, that if the worst enemies of the railroads had charge of the great means of transportation, they would never dare to do the reckless and indecent things which the managers of the railroads themselves have done in their attempts at competition. Professor Brooks is also the authority for the statement that in the business of insurance, which has been considered a marvel of organization, there is such waste by reason of unregulated competition that one of the foremost men in the insurance business said to him: "It would not be safe to have it known how extravagantly things are managed, or to what sorry shifts we are driven and that when P...

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Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1900. Excerpt: ... CHAPTER IV. THE WASTES OF COMPETITION. The most noticeable fact in the industrial history of the times is the complete lack of anything like efficient org...

Format:PaperbackDimensions:102 pages, 9.69 × 7.44 × 0.21 inPublished:January 1, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217111033

ISBN - 13:9780217111034

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